
CME Group to Launch Options on Bitcoin Friday Futures in February
CME Group has announced plans to introduce options on its Bitcoin Friday Futures (BFF) starting Feb. 24, subject to regulatory approval. The new contracts aim to enhance trading flexibility by offering expiration dates every weekday, Monday through Friday.
Since its launch on Sept. 29, BFF has emerged as CME Group’s most successful cryptocurrency product, with more than 775,000 contracts traded. The futures have averaged a daily volume of 9,700 contracts, with 44% of trades occurring outside of U.S. market hours. Each contract represents one-50th of a bitcoin, contributing to a total trading volume of $1.63 billion.
Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products, highlighted the strategic advantage of the new offering:
“The addition of options on Bitcoin Friday Futures provides market participants with even more precise tools to hedge short-term bitcoin price risks. With smaller contract sizes and daily expirations, traders can efficiently adjust their exposure while benefiting from the liquidity and reliability of CME Group’s regulated marketplace.”
This expansion reflects the growing demand for bitcoin derivatives and offers traders more ways to navigate the cryptocurrency market with structured risk management tools.